FAR 0.00% 50.5¢ far limited

Ann: Sangomar Field Development Exploitation Plan Approved, page-24

  1. 774 Posts.
    lightbulb Created with Sketch. 125
    Not a smartie and don't understand the following

    Phase 1 of the development will target an estimated 231 MMbbl of oil resources (2P gross, 60 MMbbl (2P) reserves Woodside net economic interest) from the lower, less complex reservoirs, and an initial pilot phase in the upper reservoirs. As a result of the first reserves booking for the Sangomar Development, the Woodside reserves increased by 60 MMboe at the 2P confidence level

    60/231 is only 26% don't they own 31.15% after scale back so they should book 72 MMboe: if we apply the same % to FAR that gives them about 26 MMboe


 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.